Riyadh: In light of global developments and in alignment with its objective of maintaining monetary stability, the Saudi Central Bank (SAMA) has decided to reduce the Repurchase Agreement (Repo) rate by 25 basis points to 4.25 percent, and to reduce the Reverse Repurchase Agreement (Reverse Repo) rate by 25 basis points to 3.75 percent.

According to Saudi Press Agency, this decision reflects SAMA's ongoing commitment to adapt to international economic conditions while supporting the stability of the domestic financial system. The adjustment in rates is intended to ensure that the monetary environment remains conducive to economic growth and financial stability in the Kingdom.

By lowering these key rates, SAMA aims to provide more favorable conditions for borrowing and lending, thereby encouraging economic activity. The decision is part of a broader strategy to respond proactively to shifts in the global economic landscape, ensuring that Saudi Arabia's monetary policy remains effective and responsive to changing conditions.